Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN: 9781305961883
Author: Carl Warren
Publisher: Cengage Learning
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If total assets decreased by $8,000 and stockholders' equity
decreased by $3,000 during a period of time, then total
liabilities must have changed by what amount and direction
during that same period?
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Transcribed Image Text:If total assets decreased by $8,000 and stockholders' equity decreased by $3,000 during a period of time, then total liabilities must have changed by what amount and direction during that same period?
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Survey of Accounting (Accounting I)
Accounting
ISBN:9781305961883
Author:Carl Warren
Publisher:Cengage Learning